Exhibit 3 - Share Mix - AI Agent vs. Traditional Search Instance

“Wells Fargo data pointing to $GOOGL Search market share (not including Gemini) rising through July & August after more than a year of declines.” — @StockMarketNerd

The research slide pairs Google Search share on the left axis (80%–100%) with a right axis for ChatGPT (0%–16%). Because the y-axes use different scales, the ChatGPT line shoots past Google even though Google still dominates the market.

Almost shorted Google.